Matthias Kredler

Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)

Amalienstrasse 33

Munich, 80799

Germany

  • Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)

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Continuous-Time Speed for Discrete-Time Models: A Markov-Chain Approximation Method

MEA Discussion Paper No. 01-2022
Number of pages: 63 Posted: 25 Jul 2022
Ivo Bakota and Matthias Kredler
Max Planck Institute for Social Law and Social Policy and Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
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Abstract:

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Markov-chain approximation (MCA) methods; altruism; tensors; controlled Markov chains